living trust

noun

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web However, if the property was owned in a living trust, which is a common estate planning method, the trust agreement will appoint a new trustee who can sign the deed at closing without waiting for probate. —

Gary Singer, Sun Sentinel, 11 July 2024 The good news is that updating a living trust typically costs a lot less than setting it up in the first place. —

Liz Weston, San Diego Union-Tribune, 31 Mar. 2024 The actor reportedly also had more than $1 million in personal property at the time of his death, in addition to the living trust overseen by executors Lisa Ferguson and Robin Ruzan, People reported. —

Alexandra Del Rosario, Los Angeles Times, 13 Mar. 2024 The fact that she’s created a will, rather than a living trust — which avoids probate and which is typically advisable in California — is concerning. —

Liz Weston, San Diego Union-Tribune, 18 Feb. 2024 See all Example Sentences for living trust

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'living trust.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.